Suspension of Reverse Charge Mechanism

Exemption to registered persons from paying GST under reverse charge on the supply of goods or services from an unregistered person, further suspended till July 1, 2018.

Extension of TDS and TCS Provisions

Owing to the lack of proper IT system in place, the Council also extended the applicability of TDS and TCS provisions till June 30, 2018

Relief to exporters

Export promotion schemes and tax exemptions on imports effected by exporters extended by further 6 months i.e. till October 1, 2018. New functionality to be introduced from March 15, 2018 on the GST portal to expedite the GST refund to exporters.

In addition to the above, the Group of Ministers (GoM) presented two return filing models. However, the Council did not take any decision on the simplification of GST return filing system. The Council has entrusted the panel of ministers to come up with a simpler and evasion proof single page return form.